Price taker

 

 

 

Price taker

 

Glossary of business

 

Definition of price taker

 

Price takers are firms whose output does not influence price. Firms in perfect competition are price takers as they are too small to influence the market price and therefore simply 'take the market price'.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

Job world

 

 

Definition and meaning of price taker

 

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Meaning of price taker

 

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